(offshore-energy.biz) Offshore drilling player Hanwha Drilling, part of South Korea’s Hanwha Ocean, has secured its first multimillion-dollar contract for a seventh-generation drillship, which will work off the coast of Brazil for the South American country’s energy giant Petrobras.
Hanwha Drilling, with its partner, Constellation Oil Services, a Brazilian drilling contractor, has won its first contract for the Tidal Action – formerly known as West Libra – drillship, worth approximately $500 million. The drillship, which is being reactivated in the Hanwha Ocean shipyard, will begin operations for Petrobras in the third quarter of 2025.
The rig will be deployed to the Roncador field in the Campos Basin offshore Brazil, thanks to this contract, which is expected to take 30 months and comes with some optional periods. Petrobras has decided to reopen this field to boost natural gas production. Located northeast of Rio de Janeiro, the Roncador field is forecast to produce around 1.7 million cubic meters of gas per day.
Read full article: https://www.offshore-energy.biz/as-drillship-gets-ready-for-its-brazilian-gig-with-petrobras-500-million-lands-on-hanwha-drillings-backlog/
Brazil Energy Insight 
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